SEC Names Katherine Reilly Acting Inspector General

The U.S. Securities and Exchange Commission (SEC) has announced the appointment of Katherine Reilly as the Acting Inspector General. This decision comes as the current Inspector General, Deborah Jeffrey, is set to retire in 2023. Reilly, who currently serves as the Deputy Inspector General of the SEC, will take over the role starting from the retirement of Jeffrey.

This transition is significant as it ensures continuity in the oversight and investigative functions of the SEC. Reilly's appointment is expected to maintain the high standards of integrity and accountability that the SEC is known for. Her experience as the Deputy Inspector General positions her well to handle the responsibilities of the Inspector General role effectively.

The SEC's Inspector General plays a crucial role in conducting independent audits and investigations within the agency. This position is vital for ensuring that the SEC's operations are transparent, efficient, and free from misconduct. Reilly's appointment underscores the SEC's commitment to upholding these principles and maintaining public trust in the regulatory body.

As the Acting Inspector General, Reilly will be responsible for overseeing the Office of Inspector General, which is tasked with identifying and addressing potential fraud, waste, and abuse within the SEC. Her leadership will be instrumental in ensuring that the SEC continues to operate with the highest ethical standards and that any issues are promptly addressed.

This appointment is a strategic move by the SEC to ensure a smooth transition of leadership and to maintain the agency's operational effectiveness. Reilly's extensive experience and knowledge of the SEC's internal workings make her a suitable candidate for this role. Her appointment is expected to provide stability and continuity in the oversight functions of the SEC, which are essential for the agency's mission of protecting investors and maintaining fair and orderly markets.